Cairo – Mubasher: The ordinary general meeting of Faisal Islamic Bank – Egypt approved paying out cash dividends at EGP0.773 per Egyptian denominated share and at $0.10 per dollar denominated share for 2015.
Moreover, the ordinary meeting gave the green light to raising the capital by 20% to $356.1 million from $296.8 million through 1-for-5 bonus shares distribution financed from retained earnings.
The extraordinary general meeting, which failed to convene on 31 March 2015 for lack of quorum, will be held instead on 27 April for amending article 7 of the memorandum related to capital top-up through bonus share distribution.
In 2015, the bank earned EGP753.9 million, compared to EGP623.3 million in 2014
